VP Ambulatory Finance

Nuvance Health • Danbury, CT • 2d ago

Description

Summary:

Provides strategic and financial operations oversight for regional ambulatory operations. Oversees budgeting, planning and forecasting of short and long-term financial goals. Evaluates and implements policies and standards for financial reporting, financial planning, and revenue cycle operations. Facilitates quality improvement initiatives and patient experience initiatives in furtherance of Health System values and goals.,

Responsibilities:

Strategic Planning;· Act as strategic partner with Regional Ambulatory Operations on programmatic growth and day to day ambulatory operations.;

Financial Management·

Oversees ambulatory regional budgeting, planning and forecasting of short and long-term financial goals.

Originates and supports business plans related to program growth and/or other strategic initiatives in collaboration with Business Development and Senior Leadership.

Coordinate the gathering of operational data / information to help inform Corporate financial models, including Business Plans, Annual Budget Process Forecasts and Projections; Augmentation calculations (hold harmless periods, LOA activity etc.); Productivity/capacity/utilization/efficiency trending explanations & identification of opportunities. Financial performance variance explanations. y

Collaborate with Corporate Finance to interpret system metrics and goals for ambulatory practices relative to utilization, capacity, efficiency, productivity to drive results.

Provide variance explanations relative to the actual vs budget metrics and goals. Assist in the development and monitoring of budget mitigation plans.;

Review requests for capital and operational resources to ensure requests meet regional strategic priority and fiscal reasonableness.

Collaborate and coordinate with System Revenue Cycle the review of Part B billing and Front-End revenue cycle metrics, i.e., charge capture, administrative denials, POS collections, etc.;

Monitor management action plans; work with Corporate Finance to validate

Operations; Business process oversight & accountability - business areas prone to or vulnerable to fraud/theft (cash, purchased services etc.): Act as a point of escalation for point of service cash collection/reconciliation issues. Point of escalation for Corporate finance to address credit card policy violations, revise business process if necessary (i.e., practice manager using cards to purchase supplies, etc.) Ensures active communication with all external and internal constituencies to establish strong relationships that are complimentary and consistent with organizational goals and strategic needs. Conducts cost benefit feasibility studies to determine the viability of new product lines or business initiatives.

Information Management- Assists Corporate IT with the planning, design, implementation and support of information systems, networks, and applications to support optimal operations.

Organizational Governance· Upholds and communicates the mission, vision and values of the Health System.

Compliance Management· Ensures compliance with federal, state, and local regulations, tax laws, and regulatory agency standards of compliance and Health System's Corporate Compliance Program.· Ensures compliance to established disaster response and recovery plans to ensure patient safety and business continuity

Human Resources Management- Collaborate with Corporate Human Resources on physician compensation related issues- Partners with HR to develop and oversee implementation of current and long-term Human Resources goals and objectives for organizational development, recruiting, compensation, employee relations and training and development. Oversees and implements protocols to promote employee engagement, excellence and opportunity. Onboard and train new team members on financial operations. Selects, develops, manages and evaluates direct reports and oversees the development, management and evaluation of indirect reports.

Quality Management- Promotes quality and productivity improvements through involvement in the development of improved procedures, process innovations and changes which support the strategic direction.

Business Development- Develops relationships with outside consultants and industry associations to ensure quality improvement process retains validity and maintains the latest techniques and concepts.

Research- Assess the financial viability of new research initiatives, services, and programs

Performs related duties, as required.

Education: BACHELOR'S LVL DGRE

Other Information:

Bachelor's Degree in Business Administration, Healthcare Administration or related field, required.

Master's degree, preferred.

Minimum of ten (10) years progressively responsible senior management experience in a related field, required.

Working Conditions:

Manual: Some manual skills/motor coord & finger dexterity

Occupational: Little or no potential for occupational risk

Physical Effort: Sedentary/light effort. May exert up to 10 lbs. force

Physical Environment: Generally pleasant working conditions

Company: Nuvance Health

Org Unit: 1813

Department: Medical Group Administration

Exempt: Yes

Salary Range: $97.72 - $181.48 Hourly

We are an equal opportunity employer

Qualified applicants are considered for positions and are evaluated without regard to mental or physical disability, race, color, religion, gender, national origin, age, genetic information, military or veteran status, sexual orientation, marital status or any other classification protected under applicable Federal, State or Local law.

We will endeavor to make a reasonable accommodation to the known physical or mental limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation or our business. If you believe you require such assistance to complete this form or to participate in an interview, please contact Human Resources at 203-739-7330 (for reasonable accommodation requests only). Please provide all information requested to ensure that you are considered for current or future opportunities.

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